ITR-3 Filling issues

NO ................

Thank you Rambhia Sahab

You are welcome.             

When you report income under Section 44ADA in Item 62, you do not need to fill Item 64 separately. Item 64 is for taxpayers who maintain regular books of accounts and report actual profit/loss from their P&L account. Under the presumptive scheme, your 50% deemed profit is already captured in Item 62, and that flows directly to the income computation.

A few things to check before submitting:
- Make sure Item 62 matches the gross receipts figure you reported under the applicable section head. The 50% deemed profit should be exactly half the receipts.
- If you have any capital gains or other income heads in addition to the presumptive income, those schedules (CG, OS) are separate from Item 62 and need to be filled independently.
- The total income in Part B-TI should auto-populate from all the filled schedules once Item 62 is correctly entered.

If you are finding multiple ITR-3 schedules confusing, Tax Garden's CA team can walk you through it, especially for situations where business income combines with capital gains or investments. [Section 72A carry-forward rules](https://taxgarden.in/blog/section-72a-carry-forward-losses-amalgamation-merger-india) also explain how business losses interact with other income heads across years.